US inflation rises to 3.8% in April, highest level in nearly 3 yearsThe PCE price index, which is the US Federal Reserve's primary measure of inflation, increased 0.4 per cent from the previous month and 3.8...
US Stock Market: US growth revised lower; inflation remains elevatedThe US first-quarter GDP growth was revised down to 1.6%, indicating a slowdown driven by weaker consumer spending and inventory investment...
US inflation hits three-year high in April as Iran war fuels energy price surgeAmerica's inflation rate has reached a three-year peak. Higher energy costs are a major factor. This situation is expected to keep interest...
Dollar near one-week high as US-Iran tensions flare, yen nears intervention zoneThe dollar strengthened near a one-week peak. New U.S. strikes in Iran have complicated peace talks. Oil prices rebounded as hopes for a qu...
Gold eases as US-Iran tensions cloud interest rate outlookGold prices dipped as escalating U.S.-Iran tensions fueled oil price surges, sparking inflation worries and casting a shadow over the Feder...
US Fed likely to hold rates through 2026 as inflation risks overshadow labour market weakness: ReportThe US Federal Reserve is likely to drop its easing bias at the next FOMC meeting and shift toward a tightening stance through 2026, with a...
Goldman Sachs delays Fed cut outlook to December 2026 as Iran war drives US inflationGoldman Sachs now anticipates U.S. Federal Reserve rate cuts in December 2026 and March 2027, delaying its previous September and December ...
US Stock Market: US inflation jumps as war-driven fuel costs complicate Fed outlookU.S. inflation surged in March, driven by rising gasoline prices amid the Iran conflict, with the PCE index recording its sharpest monthly ...
Donald Trump gets lifeline: U.S. economic growth data reveals shocking findings after President's approval rating crashedU.S. Commerce Department has said its Personal Consumption Expenditures Price Index (PCE) rose in line with expectations in March.
Commodity Radar: Gold in a sideways trend after a 26% correction from its peak; warrants a sell-on-rise strategyGold prices remain range-bound after a sharp correction, showing weak momentum amid global uncertainty and upcoming Fed policy cues. Techni...
US wholesale prices surged 4% last month after the war in Iran sent energy prices soaringU.S. wholesale prices surged last month as the Iran war drove up the cost of energy.
US producer prices increase less than expected in MarchAmerica's producer prices saw a smaller than anticipated rise in March. Services costs remained steady. However, escalating energy prices, ...
US stocks today: S&P 500, Nasdaq gain on tech boost after inflation data; Mideast tensions in focusU.S. stocks edged higher as tech shares gained, with the S&P 500 and Nasdaq posting modest increases. Inflation data met expectations, whil...
Record surge in gasoline prices fuels US consumer inflation in MarchIn March, American consumers were hit hard by a notable spike in prices. This surge, primarily fueled by soaring gasoline and diesel expens...
US consumer prices surge as expected in March; rise 3.3% year-on-year amid Iran warAmerican consumer prices saw their biggest jump in nearly four years in March. This surge was driven by higher oil prices and ongoing tarif...
Gold steadies as markets weigh US-Iran ceasefire talks; key US data eyedGold prices remained stable as investors awaited crucial U.S. inflation data and clarity on Iran ceasefire talks. Escalating regional tensi...
PCE inflation December 2024: Core inflation steady at 2.8%, Fed holds rates unchanged, Stock market remains positivePCE inflation for December 2024 saw a rise of 0.3%, pushing the annual rate to 2.6%. The core PCE, which excludes volatile food and energy ...